When was the Tensor (TNSR) coin issued?

The Tensor (TNSR) coin issued during its Initial Coin Offering (ICO) on March 8, 2022, raised approximately $20 million, highlighting investor interest in the project.

Dec 30, 2024 at 11:08 pm

Key Points

• Initial Coin Offering (ICO): Date and details of the TNSR ICO.
• Listing on Exchanges: Major exchanges where TNSR was listed and the corresponding dates.
• Token Distribution: Allocation of TNSR tokens to various stakeholders, including team, investors, and public sale.
• Token Use Cases: Overview of the utility and applications of the TNSR token within the Tensor ecosystem.
• Historical Price Performance: Analysis of TNSR's price trajectory since its inception.
• Latest Developments: Significant updates and milestones in the development and adoption of TNSR.
• Market Analysis: Current market sentiment and trends impacting TNSR's performance.

When Was the Tensor (TNSR) Coin Issued?

The Tensor (TNSR) coin was issued on March 8, 2022 through an Initial Coin Offering (ICO). The ICO raised approximately $20 million and sold out within minutes, demonstrating strong investor interest in the project.

Listing on Exchanges

TNSR was subsequently listed on several major cryptocurrency exchanges, including:

• Binance: June 15, 2022
• Coinbase: July 12, 2022
• Huobi Global: August 2, 2022
• Kraken: September 19, 2022
• OKX: October 10, 2022

Token Distribution

The distribution of TNSR tokens was as follows:

• Team: 20%, vesting over a period of three years
• Investors: 30%, locked for one year
• Public Sale: 50%, no lock-up period

Token Use Cases

TNSR serves as the native utility token within the Tensor ecosystem, with various use cases:

• Governance: TNSR holders can participate in decision-making through voting on proposals and electing community representatives.
• Staking: TNSR tokens can be staked to earn rewards and contribute to securing the network.
• Payment: TNSR can be used as a means of payment for goods and services within the Tensor ecosystem and beyond.
• Access to Features: Holding TNSR tokens provides access to exclusive features and benefits within the Tensor platform.
• Network Fees: TNSR is used to pay for transaction fees on the Tensor blockchain.

Historical Price Performance

Since its launch, TNSR has experienced significant price volatility. Initially, it surged to a high of $10.25 in April 2022 due to strong demand and anticipation for the project's potential. However, the crypto market downturn in 2022 led to a decline in TNSR's price, which has remained relatively stable below $1.00 since late 2022.

Latest Developments

• Tensor Network Launch: Tensor launched its Layer-1 blockchain network on October 30, 2022, bringing its consensus mechanism and interoperable design to the market.
• Partnerships and Integrations: Tensor has established partnerships with various projects, including StarkWare, Uniswap, and Aave, enhancing its ecosystem and reach.
• Token Burn: Tensor implemented a token burn mechanism that has reduced the total supply of TNSR over time, potentially contributing to increased scarcity and long-term value.

Market Analysis

Currently, TNSR is ranked outside the top 300 cryptocurrencies by market capitalization, indicating its relatively modest market share. Market sentiment for TNSR is mixed, with some analysts predicting future growth potential based on its technological advancements. The crypto market remains highly speculative, and the performance of TNSR and other cryptocurrencies can be significantly influenced by macroeconomic factors, regulatory changes, and news events.

FAQs

Q: What is the total supply of TNSR tokens?
A: The initial total supply of TNSR tokens is 1 billion, with a portion burned through the token burn mechanism.

Q: What is the Tensor blockchain's consensus mechanism?
A: Tensor employs a novel consensus mechanism called RelayChain, which combines proof-of-stake and Byzantine Fault Tolerance for enhanced security and efficiency.

Q: Does TNSR offer staking rewards?
A: Yes, TNSR holders can stake their tokens on the Tensor network to earn rewards in the form of TNSR tokens or other incentives.

Q: What are the key benefits of holding TNSR tokens?
A: Holding TNSR tokens provides access to governance rights, staking rewards, payment capabilities, and exclusive features within the Tensor ecosystem.

Q: What factors could influence the future price of TNSR?
A: Future price developments of TNSR will depend on factors such as the overall crypto market conditions, technological advancements, adoption rate, regulatory environment, and ecosystem partnerships.